Towards a Multipolar World of International Finance

Author Name Ramgopal Agarwala and Gauri Modwel
Author Name: 
Ramgopal Agarwala and Gauri Modwel

The domestic policy reforms proposals have to be seen in the political economy context of the benefits accruing to the leader under the current unipolar international financial system. The only viable alternative to the countries adversely affected by the unipolar financial world is to reduce their dependence on the current international system and develop their own regional financial architecture. Europe has made a good beginning in that direction. Asia should now follow suit.